Industry Background:
Household bread machine is refer as bread maker use in household for turning the raw ingredients into baked bread. Automation and robotics in bread processing and change in consumer preference for bread consumption are the factors driving the global household bread making machines market. Unlike bread machines ten years ago, today’s bread making machines have many settings. They don’t just make plain white bread but they’re much more reliable. Most bread making machines have a removable bread pan with either single or dual kneading blades. The factors like high fixed cost and maintenance of machines and high competition from manufacturers offering low-cost products are hampering the market.
According to AMA Research, the market for Household Bread machine is expected to register a CAGR of 7.9% during the forecast period to 2030. This growth is primarily driven by Automation and Robotics in Bread Processing
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Electronics sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Midea (China), Panasonic (Japan), Xinbao Holding (China), Petrus (China), PHILIPS (Netherlands), Delonghi (Italy), AUCMA (China), Bread Beckers (United States), Oster (Sunbeam Products) (United States) and Zojirushi Home Bakery (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2021, Panasonic unveiled its Premium Bake Bread Maker (SD-R2530), which offers a range of options for gluten-free baking.
In August 2022, Panasonic announced the launched of the Automatic Bread Maker (SD-R2550), an innovative appliance for baking a variety of baked goods, including gluten-free options.The leading players of household bread machine are focusing on strategic partnerships and acquisition to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Influencing Trend:
Changing Lifestyle and Increased Consumer Taste for Nutritional Bread
Market Growth Drivers:
Automation and Robotics in Bread Processing and Change in Consumer Preference for Bread Consumption
Challenges:
High Competition from Manufacturers Offering Low-Cost Products and Absence of Infrastructural Support in Emerging Markets
Restraints:
High Fixed Cost and Maintenance of Machines
Opportunities:
Expansion of Production Facilities and Investments in Technological Upgradation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Household Bread machine Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Household Bread machine Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Household Bread machine players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Household Bread machine Study Sheds Light on
The Household Bread machine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Household Bread machine industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Household Bread machine industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.